Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says ‘If your tariff was 0%, there’s no need to commit fraud’: The White House is sounding off on a $112 billion tariff-dodging scheme it made worse U.S. stocks fall after Iran says Strait of Hormuz will remain shut Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf Gordan Chang – “China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen” American Airlines will stop upgrading elite flyers to business from coach on long domestic flights Does Africa still back Infantino as Fifa president? A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon.

Ernest Garcia II

Ernest Garcia II

Ernest Garcia II (#120)

Global Rank #120
Country Rank #51
Country United States

Ernest Garcia II is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 22 B
  • Used cars
  • United States
  • M
  • 69 Years

Snapshot

Quick Facts

Global Rank #120
Country Rank #51
Net Worth $22.2B
Previous Worth $21.1B
Worth Change +$1.1B
Country United States
Industry Used cars
Age 69 Years
Gender M
Worth As Of May 3, 2026
Last Refreshed 16 Aug 2026, 12:00 AM
Residence Tempe, Arizona
World Billionaires List United States Billionaires Used cars

Profile Data

Personal Stats

Age 69
Source Of Wealth Used cars, Self Made
Self Made Score 9
Philanthropy Score 1
Residence Tempe, Arizona
Citizenship United States
Marital Status Married
Education Drop Out, University of Arizona
Net Worth Change +$1.1B +5.2% from previous worth
Previous Net Worth $21.1B
Current Net Worth $22.2B

Worth as of May 3, 2026

About Me

Ernest Garcia, II is the biggest shareholder of Carvana, an online platform for selling used cars and making auto loans that conducted an IPO in 2017. Garcia II also owns and runs DriveTime Automotive, the nation's fourth-biggest used car retailer. Garcia's son, Ernest Garcia III, founded Carvana as a subsidiary of DriveTime and later spun it out. In 1990 when he was 33, Garcia pleaded guilty to a bank fraud charge related to his dealings with Lincoln Savings & Loan.

Insights

Did You Know?

The son of a liquor store owner who was for a while also the mayor of Gallup, New Mexico, Garcia II was on the golf team at the University of Arizona.

Garcia II dropped out of school before graduating to become a stockbroker and eventually turned to real estate development in Phoenix.

Wealth Growth

Net Worth Growth Over Time

Tracking Ernest Garcia II's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $22.2B (May 3, 2026)

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